India Iron Ore Mining to 2030

India Iron Ore Mining to 2030

Summary

GlobalData's India Iron Ore Mining Market by Reserves, Production, Assets, Projects, Fiscal Regime with Taxes, Royalties and Forecast to 2030 provides a comprehensive coverage on the India iron ore industry. It provides historical and forecast data on iron ore production, production by company, reserves by country and world iron ore prices. The report also includes a demand drivers section providing information on factors that are affecting the India iron ore industry. It further profiles major iron ore producers, information on the major active, planned and exploration projects by region.

India’s iron ore production is expected to grow by 1.3% to 257.6 million tonnes (Mt) in 2023, with steady output from major mines such as the Kumaraswamy, Nadidihi, Ghoraburhani-Sagasahi project and Bailadila Iron Ore mines (Kirandul Complex). Mines that are planned for closure during 2023 include the Jajang Rungta, Teherai, Ari Dongri Iron Ore and Ramanmalai mines. Over the forecast period (2024-30), India’s iron ore production is expected to decline at a compound annual growth rate (CAGR) of -1.3%, to 235.2Mt by 2030, due to the planned closure of major mines including the Koira and Haddinapade (2024), Oraghat Iron Ore (2025), Roida II (2026), Feegrade Nadidih (2026), Dalli Mechanised Mine (2026), San Indpur (2027) and Guali Iron Ore mines (2029). This will be partially offset by the scheduled start of the Dharmapur Iron Ore and Bailadila Iron Ore Expansion projects (2026), and Sakradih-Dubna and Sukri Luturburu projects (2027).

India’s iron ore production is expected to grow by 1.3% to 257.6 million tonnes (Mt) in 2023, with steady output from major mines such as the Kumaraswamy, Nadidihi, Ghoraburhani-Sagasahi project and Bailadila Iron Ore mines (Kirandul Complex). Mines that are planned for closure during 2023 include the Jajang Rungta, Teherai, Ari Dongri Iron Ore and Ramanmalai mines. Over the forecast period (2024-30), India’s iron ore production is expected to decline at a compound annual growth rate (CAGR) of -1.3%, to 235.2Mt by 2030, due to the planned closure of major mines including the Koira and Haddinapade (2024), Oraghat Iron Ore (2025), Roida II (2026), Feegrade Nadidih (2026), Dalli Mechanised Mine (2026), San Indpur (2027) and Guali Iron Ore mines (2029). This will be partially offset by the scheduled start of the Dharmapur Iron Ore and Bailadila Iron Ore Expansion projects (2026), and Sakradih-Dubna and Sukri Luturburu projects (2027).

Scope

• The report contains an overview of the India Iron ore mining industry including key demand driving factors affecting the India’s iron ore mining industry. It provides detailed information on reserves, reserves by country, production, competitive landscape, major operating mines, major exploration, and development projects.

Reasons to Buy

• To gain an understanding of the India Iron ore mining industry, relevant driving factors
• To understand historical and forecast trend on India Iron ore production
• To identify key players in the India Iron ore mining industry
• To identify major active, exploration and development projects by region